WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Echelon Corporation (NASDAQ GS: ELON)?
- Did you purchase any of your shares prior to June 29, 2018?
- Do you think the proposed buyout is fair?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Echelon Corporation (“Echelon” or the “Company”) (NASDAQ GS: ELON) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Adesto Technologies Corporation (“Adesto”) (NASDAQ CM: IOTS) in a transaction valued at approximately $45 million. Under the terms of the agreement, shareholders of Echelon will receive $8.50 in cash for each share of Echelon common stock.
If you own common stock of Echelon and purchased any shares before June 29, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail at email@example.com.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware, Garden City, New York, and San Francisco, California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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